Vroom vs. AutoNation: Which Car Dealership Stock is a Better Buy?

Investing.com | Dec 14, 2021 at 7:42 AM
  • Because the resurgence of COVID-19 cases is again benefitting automobile sales as people purchase cars to avoid public transport, the car dealership industry is well-positioned to witness sales growth.
  • The demand for new and used cars is expected to increase despite high prices due to the impact of the global semiconductor shortage on production.
  • As semiconductor chip shipments improve and plants return to full working capacity, the high demand for electric cars due to rising oil prices and climate change concerns should drive the industry’s growth.